Expat Community > Ecuador

cinalaowai
Joined 2016
Posts: 10

Taxes in Ecuador

8 years ago

Hi everyone!

I am an American, my wife is Chinese with a US Permanent resident card. We are in the USA now but want to move somewhere with nicer climate and due to high level of income we pay ALOT of taxes in the US. If we leave the US we can avoid paying state income tax (10%) and we would also get the Foreign Earned Income credit if we were outside of the US for 330 days a year. All in all this would save us $60,000 every year and possibly more as our income could increase. We run an online company and work remotely.

My questions are:

1. If we get the 9-II Real Estate Investor will that allow us to do our remote work online to run our business?

2. With the above visa type are we considered to be residents of Ecuador? Do we need to pay taxes on income generated overseas? We have a US Company and pay US taxes.

3. Finally, we would need to get samples of teas from China and Taiwan sent to us regularly. Any idea about receiving parcels like that? Will they be subject to VAT? Are they likely to get delivered? What delivery services from abroad are the safest and less likely to get hung up in Customs?

Thanks in advance!

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Taxes in Ecuador

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